IQIYI Swings to Q3 Non-GAAP Loss, Revenue Falls

MT Newswires Live

11/18

IQIYI (IQ) reported a Q3 non-GAAP net loss Tuesday of 0.15 Chinese renminbi ($0.02) per diluted American depositary share, swinging from earnings of 0.50 renminbi a year earlier.

Analysts polled by FactSet expected a loss of 0.12 renminbi.

Revenue for the quarter ended Sept. 30 was 6.68 billion renminbi, compared with 7.25 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 6.63 billion renminbi.

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